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euglena Co., Ltd. ( (JP:2931) ) just unveiled an update.
Euglena Co., Ltd. has announced its decision to increase its shareholding in a joint venture company in Malaysia to 15%, as part of a project to construct and operate a commercial-scale biorefinery. This strategic move, involving a financial commitment of approximately USD 67.5 million, is expected to have a minimal impact on Euglena’s consolidated operating results for the fiscal year, and the joint venture will not be considered a consolidated affiliate in its financial accounts.
More about euglena Co., Ltd.
Euglena Co., Ltd. operates in the biotechnology industry, focusing on the development and commercialization of biofuels and other sustainable products. The company is involved in projects that aim to construct and operate biorefineries, with a market focus on sustainable energy solutions.
Average Trading Volume: 622,762
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen57.5B
For detailed information about 2931 stock, go to TipRanks’ Stock Analysis page.